Indianapolis floodplain bonds, development performance.
From $100.
The City of Indianapolis requires a performance bond before you develop, fill, or build in a regulated floodplain. The bond guarantees the floodplain work is completed to the city’s standards so it does not raise flood risk. The city sets the amount; pricing is 2% of the bond amount, $100 minimum.
Trusted by industry leaders
How much does an Indianapolis floodplain bond cost?
2% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps to filed.
A floodplain performance bond runs one soft credit pull, then issues. Here is the whole thing — no broker phone tag:
Apply once, online
Business details, the bond amount the city required, and the effective date — plus a one-time consent to a soft credit pull.
Approved
Most are approved as soon as you apply. One soft credit pull, never a hard inquiry, and it never affects your score. If it needs a second look, one to two business days at most.
File with the city
Pay online and receive the executed bond, ready to file with your City of Indianapolis floodplain development permit. Wet-ink originals mailed whenever the city insists.
What it is and who needs it.
What the floodplain performance bond covers
The City of Indianapolis regulates development in mapped floodplain and floodway areas through its Department of Business and Neighborhood Services. When you grade, fill, or build in a regulated floodplain, the city can require a performance bond so the floodplain work is actually completed to the standard the permit sets.
It's a three-party guarantee: you (the principal), the surety carrier, and the City of Indianapolis (the obligee). If you do not complete the floodplain grading, fill, or mitigation as permitted, the city can recover its completion costs against the bond — protecting downstream property from increased flood risk.
It is not insurance for you. If the surety pays the city, you repay the surety. We issue the amount the city set, from $100, with one soft credit pull that never affects your score.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the city. Pay online and receive the executed bond, ready to file with your City of Indianapolis floodplain development permit. Wet-ink originals mailed whenever the city insists.
What sets the price
The premium is 2% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, one soft pull.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and your bond is issued when you pay.
Start the application →Common questions.
Other Indiana bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Floodplain performance bond, issued today.
Pricing from $100, one soft pull. Enter the amount the city required and file with your permit.